Spain - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

Spain: Palm Oil Market Overview 2019

Palm Oil Market Size in Spain

The revenue of the palm oil market in Spain amounted to $X in 2017, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, palm oil consumption continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. Spain palm oil consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Palm Oil Exports from Spain

In 2017, exports of palm oil from Spain stood at X tonnes, increasing by X% against the previous year. In general, the total exports indicated a mild expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm oil exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Spain exports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, palm oil exports stood at $X in 2017. In general, the total exports indicated a modest expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm oil exports increased by +X% against 2015 indices. Spain exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Palm Oil Exports by Country from Spain

In 2017, Indonesia (X tonnes) was the largest exporter for palm oil, generating X% of total exports. It was distantly followed by Malaysia (X tonnes), generating X% share of total exports. The Netherlands (X tonnes), Papua New Guinea (X tonnes) and Guatemala (X tonnes) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Malaysia increased by X% percentage points, while Indonesia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports. Papua New Guinea, Guatemala and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries , Guatemala (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Oil Export Prices by Country in Spain

The palm oil export price in Spain stood at $X per tonne in 2017, leveling off at the previous year. Overall, palm oil export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when the export prices increased by X% against the previous year. In that year, the export prices for palm oil attained their peak level of $X per tonne. From 2012 to 2017, growth of the export prices for palm oil failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per tonne) and the Netherlands ($X per tonne), while Guatemala ($X per tonne) and Papua New Guinea ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Oil Imports into Spain

Palm oil imports into Spain totaled X tonnes in 2017, coming up by X% against the previous year. In general, palm oil imports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2013, when imports increased by X% y-o-y. Over the period under review, the palm oil imports attained its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, palm oil imports stood at $X in 2017. In general, palm oil imports continue to indicate a skyrocketing growth. Spain imports peaked in 2017, and are expected to retain its growth in the immediate term.

Palm Oil Imports by Country into Spain

In 2017, India (X tonnes), distantly followed by China (X tonnes), Pakistan (X tonnes) and the Netherlands (X tonnes) were the major importers of palm oil, together constituting X% of total imports. The following importers - Spain (X tonnes), Italy (X tonnes), Ghana (X tonnes), the U.S. (X tonnes), Bangladesh (X tonnes), Germany (X tonnes), Russia (X tonnes) and Myanmar (X tonnes) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest palm oil markets worldwide were India ($X), China ($X) and Pakistan ($X), with a combined X% share of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar and Ghana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Ghana (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Oil Import Prices by Country in Spain

The palm oil import price in Spain stood at $X per tonne in 2017, picking up by X% against the previous year. In general, the import price indicated a slight increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm oil import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2008, an increase of X% against the previous year. Over the period under review, the import prices for palm oil reached its maximum level of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform